Bank of Communications Related Correlations

BCMXY Stock

USD 16.85 0.24 1.44%

Generate correlation matrix for Bank of Communications and other related equities to check the degree to which Bank of Communications price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Bank of Communications. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Communications. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

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Please note, there is a significant difference between Bank of Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	ANZGY	NAUBF	BML-PG	BML-PJ	WFC-PY	BML-PL
ANZGY		0.67	0.75	0.85	0.76	0.75	ANZGY
NAUBF	0.67		0.85	0.81	0.31	0.68	NAUBF
BML-PG	0.75	0.85		0.91	0.49	0.78	BML-PG
BML-PJ	0.85	0.81	0.91		0.58	0.85	BML-PJ
WFC-PY	0.76	0.31	0.49	0.58		0.58	WFC-PY
BML-PL	0.75	0.68	0.78	0.85	0.58		BML-PL
	ANZGY	NAUBF	BML-PG	BML-PJ	WFC-PY	BML-PL

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Risk-Adjusted Indicators

There is a big difference between Bank Pink Sheet performing well and Bank of Communications Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bank of Communications' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANZGY	0.82	0.00	0.01	0.09	1.21	(0.87)	1.74	(1.79)	7.26
NAUBF	0.69	0.21	0.00	2.05	0.00	0.00	1.76	0.00	8.66
BML-PG	0.51	0.07	0.02	0.29	0.43	(0.62)	1.37	(0.94)	3.20
BML-PJ	0.32	0.03	(0.08)	0.24	0.29	(0.38)	0.98	(0.67)	2.23
WFC-PY	0.50	(0.03)	(0.09)	0.04	0.67	(0.53)	0.90	(1.19)	3.34
BML-PL	0.43	0.01	(0.10)	0.15	0.48	(0.49)	0.97	(0.93)	2.67

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Bank of Communications Related Correlations

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